Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
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Announcement no. 24
26 May 2014
Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
On 15 May 2014, NORDEN initiated a share buy-back programme in accordance with EU Commission Regulation no. 2273/2003 (the Safe Harbor method), which ensures that the Company is protected against violation of insider legislation during the share buy-back.
Under the share buy-back programme, NORDEN will purchase treasury shares for up to a total of USD 10 million (approximately DKK 54 million). The share buy-back programme runs until 12 August 2014 at the latest.
Since the company announcement of 14 May 2014 initiating the share buy-back programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| 15/05/2014 | 6,655 | 214.83 | 1,429,694 |
| 19/05/2014 | 10,000 | 214.93 | 2,149,300 |
| 20/05/2014 | 9,900 | 216.28 | 2,141,172 |
| 21/05/2014 | 13,000 | 213.53 | 2,775,890 |
| 22/05/2014 | 10,000 | 214.41 | 2,144,100 |
| 23/05/2014 | 10,000 | 214.44 | 2,144,400 |
| Accumulated | 59,555 | 214.67 | 12,784,556 |
Since the share buy-back programme was initiated on 15 May 2014, the total number of repurchased shares is 59,555 at a total amount of DKK 12,784,556.
With the transactions stated above, NORDEN holds a total of 2,335,195 treasury shares, corresponding to 5.4%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,664,805.
Kind regards,
Dampskibsselskabet NORDEN A/S
Carsten Mortensen
President & CEO
Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO, and Nicolai Bro Jöhncke, Head of Corporate Communications, tel. +45 3315 0451.
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DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO. 67758919